This course is designed to introduce participants to interest rate swaps. From the execution of the original swap in the early 1980s, through the changes in market structure, technology and regulation, interest rate swaps are still one of the most commonly used derivative products. Market participants use interest rate swaps for hedging, managing interest rate risk, and a variety of asset/liability management strategies such as increasing yield or changing a fixed income security from fixed to floating. Swaps are also used for market speculation. The notional amounts outstanding are simply dazzling! Course participants will learn the basic structure of an interest rate swap. This is the foundation of the course and from there the risks, applications, and pricing are explored through interactive exercises.
By the end of the session, participants will be able to:
- Describe the features and characteristics of interest rate swaps
- Discuss strategies and how they are used by market participants
- Explain how they are priced
- Identify the risks
- Discuss collateral management and ISDA® Documentation
Prerequisites: Suggested but not required
- Introduction to Capital/Financial Markets or equivalent knowledge
Program Level: Foundational
Target Audience: Anyone who wants to learn about interest rate swaps such as staff from operations, IT, legal, compliance, middle office, and HR, and regulators who work closely with various aspects of the fixed income markets.
Client Testimonials: “You can tell that the instructor cares and genuinely wants to help people learn. He also enjoys teaching the subject matter,” said a recent course graduate.
Advance Preparation: None
Computers and Financial Calculators: Computers or tablets for viewing and accessing the electronic documents
Recommended CPE Credits: 2.4
Duration: 2 Hours
Time: 1:00-3:00 p.m. ET
|“I like the chat interaction and Ken did a good job of keeping folks from hiding. This is the big add from more typical CBE.”|